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February 2018

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Hennes & Mauritz AB (H&M) has announced the opening of stores in Indore, Kolkata, Coimbatore and Amritsar this month. The brand has identified immense potential in these markets and with an accumulated space of over 75,000 sq.ft these stores will be opened in key locations. H&M presents a wide selection of latest trends and timeless classics.

The store in Indore will open on September 16, followed in Coimbatore on September 22 and in Kolkata on September 23. H&M will also open its first store in Amritsar on September 30. The global fashion retailer, known for fashion and quality at the best price in a sustainable way, will offer women’s, men’s, teenagers and children’s apparels & accessories, footwear and lingerie.

H&M currently operates 17 stores across India. The brand continues the momentum on the expansion plans that were announced for Autumn 2017 and looks at having over 25 stores by the end of 2017.

The growth target of the H&M group is to increase sales in local currencies by 10 – 15 per cent per year with continued high profitability. India will be a new H&M online market in 2018. Additional new online markets will open in 2018. Planned new H&M store markets in 2018 are Uruguay and Ukraine. (RR)